05:50 PM EDT, 10/01/2024 (MT Newswires) -- VCI Global ( VCIG ) got a $30 million investment commitment from Alumni Capital in exchange for shares.

The investment will reinforce the planned development in artificial-intelligence cloud computing in Q2 2025, VCI Global ( VCIG ) said Tuesday in a statement.

The company holds the right to either access the funds or forgo the drawdown. The commitment follows an earlier investment of $5 million by Alumni Capital.

VCI Global ( VCIG ) said its VC AI unit will launch the AI computing center in Malaysia equipped with 512 NVIDIA H200 Tensor Core graphics processing units.

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